BOJ Sees Economy Improving in All 9 Regions in Japan

The Bank of Japan upgraded its assessment of all nine economic regions in Japan in July. This was the first time since October 2009 that all regions have been upgraded in the bank's quarterly Regional Economic Report. The report was released at a meeting of managers from the central bank's 32 domestic branches and general managers based in the U.S. and Europe.

The BOJ sees the nation's economy recovering steadily on the back of domestic demand. Most regions see a mild recovery or pickup in the economy. Seven regions see consumption increasing or picking up, while eight regions noted a rise or pick up in capital spending.